UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 332,220 Shares of Crown Castle Inc. $CCI

Key Points

• UBS AM increased its stake in Crown Castle Inc. by 8.0% in the first quarter, holding over 4.5 million shares valued at approximately $469.9 million.
• Research analysts express a positive outlook on Crown Castle, with target prices ranging from $115.00 to $125.00, and a consensus rating of "Moderate Buy".
• Crown Castle has announced a quarterly dividend of $1.0625 per share, with a 4.5% dividend yield, set for payment on September 30th.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Crown Castle Inc. (NYSE:CCI - Free Report) by 8.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,508,299 shares of the real estate investment trust's stock after acquiring an additional 332,220 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.04% of Crown Castle worth $469,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Crown Castle during the 1st quarter worth approximately $26,000. Iron Horse Wealth Management LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $26,000. Centerpoint Advisors LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $26,000. Stone House Investment Management LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $27,000. Finally, Rise Advisors LLC bought a new stake in shares of Crown Castle in the 1st quarter worth approximately $28,000. 90.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCI has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Crown Castle in a research report on Monday, May 19th. They issued a "buy" rating and a $115.00 price objective on the stock. Wall Street Zen upgraded Crown Castle from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. JMP Securities restated a "market outperform" rating and issued a $125.00 target price on shares of Crown Castle in a research note on Thursday, July 24th. Raymond James Financial restated a "strong-buy" rating and issued a $124.00 target price (up previously from $122.00) on shares of Crown Castle in a research note on Thursday, July 24th. Finally, Wells Fargo & Company upgraded Crown Castle from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $105.00 to $125.00 in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $116.41.

Crown Castle Trading Down 0.2%

NYSE:CCI traded down $0.16 during trading hours on Friday, reaching $95.42. 2,929,959 shares of the company traded hands, compared to its average volume of 3,650,974. The business's 50-day moving average price is $102.67 and its two-hundred day moving average price is $101.38. The stock has a market capitalization of $41.55 billion, a P/E ratio of -8.94, a P/E/G ratio of 0.73 and a beta of 0.92. Crown Castle Inc. has a 1 year low of $84.20 and a 1 year high of $120.92.

Crown Castle (NYSE:CCI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. Crown Castle had a negative return on equity of 619.62% and a negative net margin of 85.54%.The firm's quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.62 earnings per share. Crown Castle has set its FY 2025 guidance at 4.140-4.250 EPS. As a group, equities analysts anticipate that Crown Castle Inc. will post 6.67 EPS for the current year.

Crown Castle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $1.0625 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $4.25 dividend on an annualized basis and a dividend yield of 4.5%. Crown Castle's dividend payout ratio (DPR) is presently -39.83%.

Crown Castle Company Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service - bringing information, ideas and innovations to the people and businesses that need them.